Financial District

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  • 26 Wall St New York City New York 10005 United States
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1REC's Take
About
Occupancy
Rents
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Vendors
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1REC's Take
Pros

✔ Major economic hub ✔ Historic landmarks ✔ High foot traffic

Cons

✘ Busy and congested ✘ High cost of living ✘ Limited residential amenities

Shopper Profile

✦ Professionals: High-income earners in finance and corporate ✦ Tourists: Visiting landmarks and historical sites ✦ Preferences: Upscale dining, luxury retail, business services

Successful Retail Uses:
Fine Dining, Financial Services, Upscale Retail
About Location
Where the pulse of global finance meets city living, the Financial District attracts a bustling crowd of professionals. By day, its streets are busy with suits, and by night, a mix of residents explore its upscale restaurants and shops. Premium rents are the norm here, reflecting its prime status, with institutional landlords dominating the landscape.
Household Income in Trade Area: $180,000
Retail Sales in Trade Area: $3 billion
Population in Trade Area: 600,000
Occupancy
Tenant Sales per Square Foot: $1,500
Occupancy Rate: 95%
Anchor Tenants: Saks Fifth Avenue, Equinox
Tenant Rent/Sales Ratio (%): 13.3% – 26.7%
Rent $ / Visitor (relative cost of the foot traffic): $26.67 – $53.33
Other Notes: Data sourced from public and private records.
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Destination Rents
Average Rent (psf): $141
Median Rent (psf): $120
Rent Range (psf): $120-$156
Rent Variability: High
Other Notes: Data provided by Retail by MONA, a New York based brokerage firm.
Know Before You Go
Preferred ISP(s)
Spectrum, Verizon Fios
Estimated Permit Timeline (weeks)
8-10
Landmarks Risk
High
Union Labor Disharmony Likelihood
Medium
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Local Broker: Retail by MONA

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Licensed Architect: Prose Architecture

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General Contractor: O'Leary Group

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Primary Landlord: NYC
Retail Type: Streets & Neighborhoods
Address: 26 Wall St
New York City
New York
10005
United States
MSA: New York-Newark-Jersey City NY-NJ-PA

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